Tools for designing quantitative parameters of a mortgage loan using simple and complex interest

Mortgages are a versatile phenomenon. Mortgages can be thought of as a pledge of property, an institution, a set of financial products. However, the most common, when it comes to financial products, is a mortgage loan that must satisfy the requirements of both the lender and the borrower. If the latter at the same time, the mortgage loan becomes relatively reliable for the lender and acceptably uncomfor table for the borrower. At the same time, the formalization of the parameters of the mortgage loan is in relation to the annuity payment, the maximum amount of borrowed funds, the term of attraction. Accordingly, taking into account the methods of calculation (simple interest and compound interest), six options for a mortgage loan can be developed, and on unified source data.